1326. State National Bank (Denver, CO)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 2694
Charter Number: 2694
Start Date: July 19, 1893
Location: Denver, Colorado (39.739, -104.985)

Metadata

Model: gpt-5-mini
Short Digest: a209801f

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Description

Multiple dispatches (Jul 19–20, 1893) report runs on Denver banks, with notices posted that the State National would not open; later reports (Aug 30–Sep 1, 1893) state the State National reopened. The run was prompted by failures/closures of other local banks (Union National, Commercial, savings banks) and a general local panic. Dates chosen reflect contemporaneous newspaper reports.

Events (3)

1. July 19, 1893 Run

Cause: Local Banks
Cause Details: Run followed failures/closures of other Denver banks (Union National, Commercial National, failures of savings banks) and ensuing local panic; heavy withdrawals by small depositors.
Measures: Paid out large sums (reported ~$100,000); honored demands on presentation; required time certificates to remain until maturity in some cases.
Newspaper Excerpt: At the State National all those standing in line were inside the doors at o'clock, and it was estimated that $100,000 had been paid out. The run was practically broken at 2 o'clock.
Source: newspapers

2. July 20, 1893 Suspension

Cause: Local Banks
Cause Details: Directors posted notice of temporary closing owing to inability to procure ready cash after heavy withdrawals precipitated by failures/closures of other local banks and continued drain on available funds.
Newspaper Excerpt: The following notice was posted on the doors of the State National Bank this morning: This bank will not be open for business this morning. Depositors will be paid in full.
Source: newspapers

3. August 31, 1893 Reopening

Newspaper Excerpt: The State National bank, the last but one of the city's suspended national banks, opened its doors again this morning.
Source: newspapers

Newspaper Articles (25)

1. July 16, 1893 Tombstone Epitaph Tombstone, AZ

Article from Tombstone Epitaph, July 16, 1893

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IZONA. SUNDAY, JULY 2: ge NEWS BY WIRD it me Great numbers of Mexican parrd Ve are being imported through Lare itfor sale at the World's Fair. er One thousand negro men were p e ; on the cars at Birmingham last nigi efand started for Kansas to take tl by, place of the striking miners. ket Several attachments were issue old last evening against Denver busine ily houses, the principal ones being th silRoberts Hardware company and th ind Livermore Wayne Lunber Co. in a the The Kansas Bi-metallic convention wo convened at Topeka yesterday after ennoon in representative hall with SEV nd eral hundred delegates in attendance Dy There will be no more bank failure to in Denver. The panic wore itself ou are yesterday with the failure of the Pec We ple's, German and State National in banks. This morning when the Firs me Colorado. Denver, City and America kopened their doors there was hardly It dozen customers in all of them at th use paying tellers' windows. bly Information has been received fror ue Pekin to the eff ct that China ha taken measures to support Sia: against the French, Siam has fc fer many years paid tribute to China. bu ur only as a matter of usage or conver ience, and it is now apparent the ilt China is determined to assist th :Siamese against the French encroach as ments upon their territory. as A conservative estimate of the me be discharged by railwave, mines, busi at ness houses and factories since th of silver panic started places the number in at from 12,600 to 15,000. It is als Irestimated that Colorado, Utah, Mon ty tana and New Mexico merchanti by have countermanded orders on Nev d York wholesale houses for goods dur. flu ing this time amounting to over 1e $12,000. e. The Santa Fe management he a just unearthed extensive frauds of d that division of the road included be :tween Topeka and Chicago, Th ly frauda, it is said, have resulted in se loss to the road of $17,000 a month 1The conspiracy is far reaching in i h ramifications and includes, it is said of various officiale, from assistants to th division superintendents, down to th section bosses.

2. July 19, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 19, 1893

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This bank closed by order of the! board of drectors. Those inside were forced into the street with curses on their lips, while those outside raved about the doors. attracting a crowd that extended far down the thoroughfare. People began to ask when would it all end, when they learned that the Mercantile Bank. recently incorporated with a capital stock of $100,000. and located in the Mining Exchange Building, had closed its doors, with W. F. Robinson as assignee. C. E. Gard, the present city auditor. is the president of the bank, and the directors of the concern were considered as being among Denver's most substantial business men. The suspension of payment here was brought about by the closing of the Union National Bank, through which the Mercantile had made clearances. It was stated that the bank's depositors will receive every dollar due them. This bank had been in operation only a few months and had comparatively few depositors. RUNS ON THE OTHER BANKS. At the Colorado National there was no run at all. The City National officials an. nounced after the run that they had paid out about $30,000 more than what had come in., At the same hour, nearly. the run was stopped at the First National. The officials said not more than $10,000 was paid out above receipts. At the State National all those standing in line were inside the doors at o'clook. and it was estimated that $100,000 had been paid out. The run was practically broken at 2 o'clock. At the German National there Was a long line reaching far out on the sidewalk, but not a business man was seen in the line. At 2:15 the crowd was still in line. but many were tiring and droppingout. About $70.000 had been paid ent, mostly in small amounts. The run was still on at 3 P. M., the regular closing hour. A run was re. ported on the Deaver National, but 16 proved a mistake. The crowd was composed of the Union Pacific employes and others from the Grant smelter with their checks. There was no run. The City National Bank met all demands and exPresident Barth said if the depositors wanted to keep the run up for the next two months, the bank would still be meeting demands on presentation. At the Denver Savings Bank, the only savings bank now open. there was a run in the morning which was over by noon. It refused to pay out, taking advantage of the time loan limit. The excitement and demand on the banks after money continued unabated until about 2 o'clock, when it almost entirely ubaided at all the banks except the Utab State National and the German National. where the line of depositors seemed to increase instead of diminish. This bank is said to have a special train on the way from Kansas City bearing $490,000

3. July 19, 1893 The Jersey City News Jersey City, NJ

Article from The Jersey City News, July 19, 1893

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EXTRA! TWO MORE DENVER BANKS DENVER, Col., July 19, 1893.-The - doors of the German National Bank were opened for business at ten o'clock this morning. No notice has been posted on the doors, but it is believed that it has suspended payment. The excitement is rapidly Increasing, and runs are threatened on other banks. DENVER. July 19, 1893. 1 The following notice was posted on the doors of the State National Bank this morning:"This bank will not be open for business this morning. Depositors will be paid in full." At the hour of opening for banking business, crowds had assembled at the different banks, but there did not appear to be the same excitement among the depositors as existed yesterday.

4. July 19, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, July 19, 1893

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Where Runs Were Withstood. The City National paid out about $30,000 and the run stopped, while at the First National $20,000 sufficed to satisfy depositors. At the State National the run was broken after $100,000 were paid out. The German National paid out $70,000 up to the closing hour and the run was still on. At the Denver Saving bank there was a run in the morning but it stopped at noon, no money being paid out, as the bank demanded the legal notice. WRECKS AWONG THE MERCHANTS. A Large Dry Goods Firm Succumbs-Other Financial Troubles. The store of the McNamara Dry Goods company, doing business at Sixteenth and California streets, is in the hands of the sheriff. Attachments aggregating $250,000 were served on the firm at an early hour. The Union National bank, which itself suspended in the morning, precipitated the trouble by securing the first attachment. The rest of the attachments followed in rapid succession. M.S. Norh, installment furniture dealer, assigned to Calvin C. Hill. His assets are placed at $35,000 and his liabilities at $16,000, about equally divided between local and eastern creditors. Albert Nelson, the well-known restaurant man of Curtis street, made an assignment for the benefit of his creditors to Frank Anderson. A He places his assets at about $111,510 and his liabilities at about $96,725 The John Mount Lumber company was attached on a claim from the German National bank for $155,200. The sheriff placed three custodians in charge of the company's property and the company then made an assignment to William B. Paimer, No schedule was presented. Luther J. Wygant, tiles and grates, 1609 Court Place, assigned to Robert J. Pitkin. Assets, $14,765.52; liabilities, $14,830.48 The Evans-Littlefield Confectionery company assigned to George A Smith; no schedule presented. "The Hub," conducted by Engle & Harris, general merchandise, at 2201 to 2209 Larimer street, assigned to George Burger. The assets are placed at $18,100. The liabilities are placed at $4,664.31.

5. July 19, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 19, 1893

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A SENSELESS SCARE. Denver People Needlessly Excited Pre cipitate a Ran on Her Banks. DENVER, July 18.-No scene was ever witnessed here before like that this morning. Shortly after the hour when the banks opened for business the failure of the three savings banks yesterday had excited the masses, and at the hour of opening the streets were crowded with anxious depositors. The eleven clearing house banks, located within four blocks of each other, were surrounded and far into the street a crowd gathered till the police was called to clear the way for traffic. At 10 o' clock the Union National with a capital of $1,000,000, posted a notice that they would not open the doors. This started a panic and following quickly the Commercial National posted a similiar notice, then the National Bank of Commerce. A run was immediately started on all the other banks, though to no great extent on the People's National. The First National appears to be in unexceptionable condition, having over 60 per cent. of its deposits on hand, with a private fund of in addition to draw upon, makit to $1,500,000 ing impossible close their doors. The Colorado National and several others are equally good. The mob which is withdrawing its money is composed of small depositors. The banks are paying all demands except on time certificates, demanding that these remain till the expiration of the time. President J. A. Thatcher, of the clearing house, savs: "I am confident today will see the worst of this, and the people will come to their senses. At a meeting of the clearing house last night we decided that we could not help the banks, and so some of them haye gone to the wall. All of them, I believe, have ample security to protect all depositors, but unfortunately at this time cash and not security is what a majority of the people are clamoring for." At the State National bank quite a run was in progress. The officers appear to be in the best humor and say they are confident they can weather the storm. Up to noon everything was quiet at the Colorado National. It is understood $500,000 in gold was received there just the doors morning. a crowd of people was before Quite opened this about the doors of the Denver National. It was rumored that a run was in progress there, but it was soon seen that the men were Union Pacific employees simply getting checks cashed for last month's work. 'This bank is closed by order of the board of directors" is the notice posted every entrance to the National Bank of Commerce. Officers inside refuse admisa sion to outsiders. The condition of this e bank is not known, as it did not print a a statement yesterday, as was done by almost all the other banks. John H. Hanna of the City National e said they were in as good condition as e any body. Hanna hopes to be able to a control enough deposits to tide over the bank. Several of the principal depositors n made large deposits this morning. Some S who owe the bank in the shape of notes , but have cash deposited had payment refused on their checks. Their liabilities

6. July 20, 1893 The Times Richmond, VA

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Two More Heavy Failures Added to the Already Long List-Other Failures in the State. DENVER, COL., July 19.-The panic was on in this city to-day with renewed vigor, and, as a result, the old German a for stability of and the National, twenty with years' standing, reputation equally reputable State National, failed to open their doors for business this morning. Later the People's National failed. All night long depositors stood in line in front of the German, and by 9 o'clock there was one long sea of faces stretchthe street. At the ing down opposite corner, where the State Bank has so long done business, there was also quite a crowd of anxious depositors waiting the opening of the doors. Here the people were relieved of their agony at a few minutes after 9 o'clock, when a notice was posted on the door to the effect that the bank would not open, owing to the lack of roady cash, and the crowd moved away. At the German there was evidently a determination to go ahead with business up to almost the last moment, when a strip of paper was pasted on the window, stating that the doors would remain closed temporarily Then the scene became distressing. Men and women down the long line broke out in tears and wailing. By this time there was a run on every bank in the city, and soon came the announcement that the People's National Bank had closed its doors. The notice, on its doors read: "This bank is closed by order of the board of directors. Assets, $1,100,000; liabilities, $310,000. The assets and liabilities of the other two failed banks bear about the same proportion as the People's Bank. Their failure is chargeable to the long continued raid by depositors and inability to raise ready capital. All expect to resume shortly. Adams, bank to-day took of the Union ComFrank charge examiner, National, mercial National, National Bank of Commerce, State National and German National. This the run at the Denver was National evening over. with an enormous amount of still in sight. The same Is true and at money the business City Bank and all other banks, men are beginning to breathe freer. There has been a considerable number of failures among business houses of all kinds within the past three days, caused by attachments taken out by banks which foresaw their suspension. Five national banks are still open. The J. B. Wheling Banking Company, the pioneer bank of Aspen, Col.: the Bank of Sterling Sterling Col., and the Bank of Loveland, Col., have assigned. No statements of assets or liabilities have been issued. Among the failures that almost escaped notice was that of the Bank of North Denver yesterday afternoon. Business firms, whose embarrassment has become known, range from liquor saloors to street ailroads. There are in the list drive tores, lumber companies, gentlemen's furnishings, milliners, coal companies, ry goods houses, jewellers, ready-made lothing dealers, tailors and grocers. Two bank failures are reported at Asen and one at Loveland. Commercial ailures are also reported from many points in the State outside of Denver, due principally to the fact that the sufferers Reposited in Denver banks which have uspended. GREENY, COL., July 19.-The Union Bank closed its doors at 1 P. M. to-day, S nd a half hour later the Greeny Na1 lonal pulled down its blinds and turned ( he key in its door. The Union's statement avs that owing to the suspension of cert n in deposit Denver several National thousand Banks, dollars which of had its honey, and the fact that a steady with( rawal of deposits, amounting to about I $0,000. the past few days, they were comI elled to suspend business. They say heir liabilities are about $100,000. with sets and paid-up capital at $300,000. As oon as the fact of the suspension of hese banks became known, a steady run o as made on the First National Bank, e ut it continued to honor all checks and g rafts, and even after the regular closing II our cashed two checks presented. J ARMONSDALE, KAN., July 13.-The e itizens' Bank suspended yesterday. a TOPEKA, KAN. July 9.-Information as been received at the office of the I tate Bank Commissioner of the failure V e the State Bank of Parker, Linn r ounty, and of the Woodson State Bank A : Yate's Centre, Woodson county. Both e re small concerns n CITY, 1.-The OKLAHOMA July Bank 3 Oklahoma City and the Oklahoma Naonal closed their doors afterJ Bank There heavy run this on on. was a the irst National, but it withstood it all ght Statements are

7. July 20, 1893 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, July 20, 1893

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STILL SHAKEY At Denver, Although the Report Says it Looks Better. DENVER, Col., July 20.-There will apparently be no more bank failures in Denver. The panic wore itself out yesterday with the failure of the People's, German and State National banks. This morning when the Colorado, Denver City and American National banks opened their doors, there was hardly a dozen depositors in all of them at the paying tellers' windows. At the First and Colorado National banks a long string of depositors reaching nearly to the street were lined up in front of the receiving teller's window, and money was going back into the bank's vaults, almost as rapidly as it was withdrawn during the past three days. The German, State and People's National banks could pay three for one, if they could only realize on securities. There may be a few commercial failures in the city within the next few days as a result of the suspension of banks, but it is believed, that in no instance, whether banking or commercial house, will failure be complete and `resumption of business will surely follow shortly. It is stated today that the McNamara Dry Goods House, which failed Monday for $260,000, have settled with their principal creditors, and will resume business Monday.

8. July 20, 1893 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, July 20, 1893

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STILL EXCITED. The Panic at Denver Rages Unabated. Three More of Her National Banks, German, State and Peoples National, Close Their Doors-Runs on Others. Crowds of Disappointed People on the Streets-Police Are Keeping Order. DENVER, July 20. -The financial excitement continues. The State National bank will not open its doors for a few days. A notice is posted on the door to the effect that owing to the inability to procure funds to meet demands which might be made upon the bank it will temporarily close. The bank's officers say that depositors will not lose a cent and that the bank will resume business in a few days. The German National bank threw up the sponge at 10 o'clock, the usual opening hour. A card was placed on the door which read: "Closed by order of the directors." There is a great crowd of disappointed people on the streets. but the police are preserving order. The First National bank opened on time and is now busy paying off all demands being made upon it. There is a small line of depositors at the Colorado National asking for and receiving their money. The Situation Reviewed. The run on the First National bank is about exhausted, and the institution remains firm. The banks that closed earlier in the week are still closed, including the Capital and the North Den- The ver banks, two private concerns. Union National is in charge of Frank Adams, the bank examiner. President Woodbury is hopeful of resuming business in a few days. President Reithman of the German National, is greatly to disappointed at the failure of aid arrive. He says that while the assets of the the bank are greatly in excess of liabilities it was necessarily compelled to suspend because of lack of available to supply is serene about the City of the German are of German funds depositors thing The majority depositors. seemed National's birth National. to Every- and tell their saddened faces has plainly of the disappointment that the come upon them. In the vicinity of banks at Sixteenth and Larimer streets there is a tremendous rush of people to and the police have all they can do keep the crowds moving. Paid Out Millions. Presdent McNeil of the State National out that his bank has paid a trifle more than the last 20 days. He efforts to within in almost bank, cash says superhuman bank gather exercised $900,000 should in loans in order that the in his not be closed. but his efforts were vain. In an interview he said: Please me that our assets today are fully twice for as large as our liabilities." Cashier C. M. Clinton of the German exceedNational bank stated that the ingly hard times and inability to place to securities, together with the failure close call in loans had forced them to their doors. During the last 60 days the there has been a constant drain on bank and over $1,000,000 had been paid depositors. Some days the demand that the to all the way from $25,000 to $75,000. would from Eastern but it failed to had paid out all receive $300,000, It was was they anticipated materialize friends their bank the money doors. about and as was left but to close is The nothing capital of the German National $500,000. Its officers expect to resume as soon asits affairs are adjusted. Third For the Day. DENVER. Colo., July 20.-The Peoples National bank closed its doors shortly as 11 o'clock. The notice reads order follows: before "This bank is closed by assets, of the board of directors. Net $1,100,000; liabilities, $310,000." The Tucker Mens Furnishing com- Liahave made an assignment. East. As pany bilities $8,000, mostly in the sets not given. Coal Company Assigns. July -The Phonles Coal

9. July 20, 1893 Abilene Weekly Reflector Abilene, KS

Article from Abilene Weekly Reflector, July 20, 1893

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DENVER'S DOSE. A Financial Panic Upsets Its Equilibrium. PEOPLE CLIMB OVER ONE ANOTHER. Bank Directors Scared and Notices of Suspension Posted-A Number of Business Firms Succumb to Circumstances. DENVER, Col., July 19.-The failure of three savings banks Monday had excited the masses and when the other banks of the city were opened yesterday the streets were crowded with anxious depositors. The eleven clearing house banks located within four blocks of each other were crowded and the streets were blocked until the police were called out to clear the way for traffic. At 10 o'clock the Union national, with a capital of $1,000,000, posted a notice that it would not open its doors. Following quickly Commercial national bank posted a similar notice and then the National Bank of Commerce, of which ex-Gov. Cooper is president, followed. A run was at once started on all of the other banks, though to no great extent on the People's national. The e First national appears to be the soundest of all; they have over 60 per cent. of their deposits on hand, with a private fund of $1,500,000 in addition to draw t upon, making it impossible to close its e doors. The Colorado national and seva eral others are in equally good condition. e The people withdrawing money were r all small depositors, the large holders being satisfied to let their accounts ret main At the State national bank, of which y J. D. MoNeil is president, quite a run t was in progress and a large number of h men and women were in line waiting e for their turn to come'so they could get d their money. The Mercantile bank, a private insti8 tution with $100,000 capital, closed its n doors at noon. The failure was caused p by the failure of the Union national n bank, through which it cleared. C. O e Gird, the city auditor, is the president. W. F. Robinson, formerly treasurer of 8 the Republican Printing Co., is the asa signee. t The McNamara dry goods company failed to-day. The liabilities are 8 placed at $260,000 but the assets are not known. The failure was brought about by an attachment served by the y Union National bank. e M. S. Noah, installment furniture 0 dealer, to failure to assigned as due Calvin inability C. Hill. to collect The n a dey of the asil outstanding pression bills money and market. and general his His liabilsets are placed at $35,000 e ities at $16,000, about equally divided 3. between local and eastern creditors. Albert Nelson, the well known resW taurant man of Curtiss street. made an n assignment for the benefit of his creditors to Frank Anderson. He places his assets at about $111,510 and his liabilities at about $96,725. The assets S consist of real estate valued at $107,500, and to incumbrances of $51,890, and a stock r property. subject about $55,900 and worth fixtures, of of etc. personal The liabilities consist of claims Denver 18 and eastern creditors. e The John Mouat Lumber Co. was ata tached on the claim of the German naa tional bank for $155,200. The sheriff three custodians of the come placed company's property, and in charge the Wilrp pany then made an assignment to d liam B. Palmer. No schedule was te presented. he Luther J. Wygant. tiles and grates, 1609 Court place, assigned to Robert J. t. Pitkin. Assets, $14,765.52; liabilities, 11. $14,890.43 g The Evans-Littlefield Confectionery of Co. assigned to George Smith. No 10 schedule presented. a "The Hub," conducted by Engle & 14 x Harris, general merchants, at 2201 to 2209 street assigned to George ho The assets are he a 100, Stock on Burger. as Larimer follows: placed hand, $17,500; at $18,ng store $100. st The are $4,664.31. is There two liabilities fixtures, only $500; book placed Denver accounts, at creditors. d & Cohen, the ad shoe store at "Bee Hyman Hive" are proprietors 1632 Larimer of street, assigned to Manx Hyman. No schedule is given. he McWhiter & Dripps, mantels and st tiles, at 421 Sixteenth street, assigned bs to A. G. Masker. No schedule is given. al

10. July 20, 1893 The Waco Evening News Waco, TX

Article from The Waco Evening News, July 20, 1893

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FAILURE OF DENVER BANKS. The Panic is Ended and no More Failures Expected. By Associated Press to the News. DENVER, July 30.-There will apparently be no more bank failures in Denver. The panic wore itself out yesterday with the failure of the People's, the German and the State National banks. This morning when the First, Colorado, Denver City and American National banks opened their doors there was hardly a dozen depositors in all of them at the paying tellers' windows. In the First and Colorado National banks a long string of depositors, reaching nearly to the street, were lined up in front of the receiving tellers' windows, and money was going back into bank vaults almost as rapidly as it was withdrawn du ring the last three days. The German, State and People's National banks could pay three dollars for one if they could realize on securities. There may be a few commercial failures in the city within the next few days as the result of the suspension of the banks, but it is believed that in no instance, whether a banking or commercial house, will the failure be complete and the re. sumption of business will surely fol!ow shortly. It is stated today that the MeNamars dry goods house, which failed Monday for $260,000 have settled with their principle creditors and will resume business Monday.

11. July 20, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, July 20, 1893

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teenth street almost to Market. Just before the hour of opening had arrived a notice was posted on the front door of the bank. announcing suspension of payment. The notice was as follows: "Owing to the inability of this bank to realize immediately upon its assets it has been decided by the board of directors to close the same." The posting of this notice caused a general stampede for the doors, all being anxious to read the announcement, but there was no show of hostile demonstration on the part of assembled depositors, and the police that had been placed there to keep order had little trouble in dispersing the crowd. Despite the naturally trying condition of things the people were remarkably cool, and aside from one or two women, who broke into tears when they learned that the bank would not open, there was little display of feeling. All was comparatively quiet around the People's National bank this morning, and the bank was open for a short time. When the suspension of the German and State banks was known the directors of the People's decided to close, and this notice was accordingly posted on the doors: "This bank is closed by order of the board of directors. Net assets, $1,100,000; liabilities, $310,000. Following the suspension of the State and German National, a Few Small Depositors who had their money in the First National renewed the run on that institution, but it was a small a fair and soon wore itself out. At 11 o'clock the run which was started on the First National bank was completely brok n. and quiet was restored. Around the Denver National, Colorado National, American National and City National banks all was quiet. There were very few calls for money, and a few of those who had withdrawn from the suspended banks, doubtless repenting their hasty and wholly unjustifiable actions in aiding in closing the suspended concerns, were depositing in the banks that yet remained open. Among the officers of the banks which were open for business the expression was unanimous that the flurry was at au end. and that the people would now see the folly of their actions in foreing a suspension of the banking institutions by withdrawing their deposits at once, and taking from circulation all the money that would ordinarily flow through the regular channels and help in sustaining the business public and the banks. The suspended banks all had much more than enough money to be considered a perfectly safe guaranty under ordinary circumstances, and with business at its normal condition, would have laughed at the idea of a run. Cashier Charles M. Clinton, of the German National. stated that during the past three months over $1,000,000 in deposits had been withdrawn, and The Continual Drain, together with the run yesterday. had placed the bank in such a condition that a temporary suspension was an absolute necessity, and that Frank Adams, bank examiner for the district, had taken charge. "I can say this much, however," continued Mr. Clinton, "the depositors will all get their money in time. We had the largest number of depositors of any bank in this city, consequently many of them were comparatively poor people, who easily became frightened. and drew out their savings, the aggregate amounting to a very large sum. The business men and heavier creditors have with drawn proportionately less than the class referred to. "The bank's statement will be out as soon as possible. and the only statement I can make at this time is our securities are of the first class and largely in excess of our liabilities, thus guaranteeing depositors against loss in the end." The State National was unable to give out a detailed statement. The withdrawal of deposits has been heavy for several months, eniminating in a run yesterday, which forced a temporary suspension of payment. The statement of the bank published in Monday's papers showed deposits to the amount of $756,789.79, with currency certificates, clearing house exchange, bank bills. specie and other available cash items amounting to $115,000.23, with which to meet demands. Other assets, large in value, but not Immediately Convertible Into Cash will protect the depositors from loss. A tour of the banks just before their closing hour showed that all excitement had died away, and there was not the semblance of a run. The officers of the banks stated that they were taking in more money than they were paying out. "I do not think I will have to place a bank in Denver in the hands of a receiver," said Hon. Frank Adams, bank examiner for Coiorado, today. Mr. Adams further stated that he believed that the suspended banks will all re-

12. July 21, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, July 21, 1893

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Panic Over in Denver. DENVER, Col., July 20. - There will apparently be no more bank failures in Denver. The panic wore itself out yesterday with the failure of the People's, German and State National Banks. This morning when the First, Colorado, Denver, City and American Nationals opened their doors there was hardly a dozen depositors in all of them at the paying teller's windows. In the First and Colorado Nationals a long string of depositors reaching nearly to the street were lined up in front of the receiving tellers' windows, and the money was going back into the bank vaults almost as rapidly as it was withdrawn during the past three days. The German, State and People's Nationals could pay $3 for $1 if There they could realize on securities. may be a few commercial fallures in the city within the next few days, as a result of the of banks, but it is believed that in no instance, a or a commercial failure be and banking suspension complete, that house, resumption whether will the of business will surely follow shortly. It is stated today that the McNamara dry goods house, which failed Monday for $260,000, have settled with their principal creditors and will resume business on Monday. Run On Banks in Greeley, Col. GREELEY, Col., July 20.-The Union Bank closed its doors at 1p. m. yesterday, and half an hour later the Greeley National pulled down its blinds and turned the key in its door. The Union's statement says that owing to the suspen sion of certain Denver National banks, which had on deposit several thousand dollars of its money, and the fact that there was a steady withdrawal of deposits, about $80,000 in the past 90 days, they were compelled to suspend business. They say their liabilities are about $100,000, with assets and paid up capital $300,000. As soon as the fact of the suspension ot these banks became known a steady run was made on the First National, but it continued to honor all checks and drafts, and even after the regular closing hours cashed two checks presented. On Change in Gotham. NEW YORK, July 20.-There was a sensational decline in general electric securities in the stock exchange after midday. The stocks broke 46 1-2, against 55 3-4 early, the debenture fives sold down to 74 regular. The stock| 1 is absolutely without support and the same crowd in the stock exchange which has been prominent in breaking the stock from 100 down, were conspicuous in today's movement. There were heavy liquidations, holders being unable to stand the pressure any longer. One report was that the company had lost a suit at the West, involving an incandescent lamp patent. Other rumors affeeting the property were of a highly sensational character and up to a late hour this afternoon had not been traced to any authentic source. New Hampshire Bank Enjoined. FARMINGTON, N. H., July 20.-The Farmington Savings bank was enjoined from doing business this afternoon upon the petition of the bank commissioners because of the inability of the institution to realize on its assets, the uneasiness of depositors caused by losses on investments and to prevent a run on the bank. This Plant Cost $1,000,000. SAN FRANCISCO, July 20.-Attachments aggregating several thousand dollars have been filed against the Union Stock Yards company whose packing establishment is at Rodoe, Contra Costa county. The immense,plant, it is said, has practically shut down. The plant cost $1,000,000 and was started May 15. Money Is Tight and the Distillery Closed. FRANKFORT, N. Y., July 20.-A sensation was caused in business circles here today by the assignment of Col. E. H. The Taylor, Jr.. the famous distiller. liabilities are not given out. It is said they are far exceeded by assets. The tightness of the money market caured the assignment.

13. July 21, 1893 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, July 21, 1893

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THE PANIC OVER. Denver Banking Houses will All Resume. Matters Settle Down. DENVER, July 20.-There will apparently be no more bank failures in Denver. The panic run itself out yesterday with the failure of the People's, German and State national banks. This morning when the First Colorado, Denver, City and American nationals opened their doors there was hardly a dozen depositors in all of them at the paying teller's window. In the First and Colorado nationals a long string of depositors reaching nearly to the street were lined up in front of the tellers' windows and the money was going back into the bank vaults almost as rapidly as it was withdrawn during the past three days. The German, State and People's Nationals could pay $3 for $1 if they could realizo on securities. There may be n few commercial failures in the city within the next few days as a result of the suspension of banks, but it is bolieved that in no instance, whether a banking or commercial house, will the be follow tion failure of business complete will and surely that resumpshortly. It is stated to-day that the McNainara dry goods house which failed Monday for $200,000 have settled with their principal creditors and will resume business Monday.

14. July 21, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 21, 1893

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DENVER IN CALM MOOD. DEPOSITORS PUTTING THEIR MONEY BACK IN THE BANKS. CONTROLLER ECKELS'S MESSAGE APPRECIATED --NO MORE FAILURES REPORTEDHOPE OF RESUMPTION. Denver, July 20.-There will apparently be no more bank failures in Denver. The panic wore itself out yesterday with the failure of the People's, German and State National banks. This morning when the First. Colorado, Denver, City and American National banks opened their doors there were hardly a dozen depositors in all of them at the paying tellers' windows. In the First and the Colorado, however, long strings of depositors reaching nearly to the street were lined up in front of the receiving tellers' windows, and the money was going back into the bank vaults a'm most as rapidly as it had been withdrawn in the last three days. The German, State and People's could pay $3 for S1 if they could realize on securities. There may be a few commercial failures in the city within the next few days as a result of the suspension of banks, but it is believed that in no instance, whether a banking or commercial house, will the failure be complete, and that resumption of business will surely follow shortly. It is stated today that the McNamara drygoods house, which fail Monday for $260,000, has settled with its principal creditors and will resume business on Monday. The dispatch from Controller of the Currency Eckels to the effect that he would give every possible aid to the banks of this city is applauded on every side. Bank Examiner Adams. to whom the telegram was addressed, was besieged by excited people anxious to hear a confirmation of the good report and get an expression from him. Mr. Eckels's comments on the foolish course of those Denver citizens who had lost confidence in the banks are looked upon in a most righteous light. The newspapers ran off extras announcing the news, and things began to wear a bright aspect. The officers of the several closed banks all informed the public that they would be able. to pay every ceat due to customers. But in some cases it will take some time to realize on securities. It is learned that heavy withdrawals have been made from several of the banks during the last few months, which would indicate that some of the far-seeing ones anticipated trouble. such as has come upon the city in the last few days. It is noticeable that few of the merchants or business men of the city withdrew their deposits, the runs being made principally by the working people and poorer classes of customers. The newspapers feel greatly the distress, every daily excepting one having curtailed expenses by reducing its size using larger type. Difficulty in making collections is given as the cause. Bank Examiner Adams, who came up hurriedly from Pueblo to look into the condition of affairs, said this morning that S0 far as he had been enabled to make an inspection of the suspended banks, he did not believe that their condition was so serious as many were led to believe. He would, however, begin at once a thorough examination of the several institutions, and would in a few days be able to make a more extended and satisfactory report. The opinions of the leading financiers in the East to the effect that the crisis would be soon passed will doubtless have a beneficial effect in restoring confidence among the people here. Those banks which have not suspended transacted business as usual this morning. President D. H. Moffett, of the First National, is greatly pleased with the news from Washington, and predicts an early resumption of business.

15. July 21, 1893 Fort Worth Gazette Fort Worth, TX

Article from Fort Worth Gazette, July 21, 1893

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BUSINESS. DENVER, Colo., July 20.-There will reparently be no more bank failures in Denver, The panic wore itself out yesterday with the failure of the Peoples', German and State National banks. This morning when the First Colorado, Denver City and American National banks opened their doors there was hardly a dozen depositors in all of them at the paying tellers' windows. The First and Colorado Nationals a long string of depositors reaching nearly to the street were lined up in front of the receiving tellers' windows, and money was given back to the bank almost as rapidly as It was withdrawn during the past three days. The German, State and Peoples' Nationals could pay three for one, if they could realize on securities. There may be a few commercial failures in the city within the next few days as a result of the suspension of the banks, but it is believed in no instarce, whether banking or commercial house, will the failure be complete, and a resumption of business will surely follow short! It is stated to-day that McNamara's dry goods house, which failed Monday for $20,000 has settled with their principal creditors and will resume business Monday. In speaking of the financial condition in Denver to-day, D. H. Moffatt, president of the First National bank, sald: "Five National banks are absolutely all right and perfectly able to pay every dollar of their deposits and still continue business. The only person who will have trouble from this time on are those who caused their money to be locked up in suspended banks. The trouble, as far ILS banks are concerned. is over. " was bound to come, and I am glad It is ended, as confidance will now begin to restore itself and times grow better in Colorado."

16. July 22, 1893 Chicago Eagle Chicago, IL

Article from Chicago Eagle, July 22, 1893

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DENVER'S FINANCIAL DISTRESS. Ruin Seems to Lurk About Every Institution in the City. A Denver dispatch asserts that the financial panic there has not abated, and as a result the old German National Bank, with a reputation for stability of twenty years' standing, and the equally reputable State National have been added to those that failed to open their doors for business. All night long depositors stood in line in front of the German, and by 9 o'clock there was one long sea of faces stretching down the street. At the opposite corner, where the State has so long done business, there was also quite a crowd of anxious depositors waiting the opening of the doors. These people were relieved of their doubts at a few minutes after 9 o'clock when a notice was posted on the door to the effect that the bank would not open, owing to the lack of ready cash, and the crowd moved away. At the German there was evidently a determination to go ahead with business up to almost the last moment, when a slip of paper was pasted on the window, stating that the doors would remain closed temporarily. Then the scene became distressing; men and women down the long line broke out in tears and wailing. There is a run on every bank in the city.

17. July 22, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 22, 1893

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BETTER OUTLOOK IN DENVER CONFIDENCE RAPIDLY RETURNING IN BANKS AND COMMERCIAL HOUSES. NO FURTHER SUSPENSIONS LOOKED FOR-OFFERS OF HELP FROM THE EAST DECLINED -FIRMS RESUMING BUSINESS. Denver, July 21.-Confidence In the Denver banks and commercial houses is being restored in the East and at home with nearly the same rapidity with which its destruction was attempted in the first three days of this week. There have been no suspicions of magnitude for two days, and no more are expected. The banking houses have determined that they will push no creditor nor serve any attachments on those who show an honest disposition to settle. Times will probably be hard here until Congress meets, and it 1s predicted that if silver then receives fair treatment It will not take long to place Denver and Colorado far in advance of where they were when this trouble came. D. H. Moffat, president of the First National Bank, has received a telegram from one of the leading banks of New-York offering assistance If needed. Mr. Moffat replied, with thanks, that he had more money than he needed, Other houses have had similar offers. It is understood that the German and State National banks have received large sums of money, and will be ready to open their doors again in a short time. Controller Eckels's telegram to Bank Examiner Adams was opportune and did untold good. Mr. Adams Is of the opinion that all the closed banks can settle in full and have money left. It will be some days, however, before he can prepare his statement. The commercial houses that went down with the banks are in equally good condition. The HallackSayre-Newton Lumber Company, which made an assignment on Wednesday with assets of $600,000, resumed business to-day. The Flanders Drygoods Company, which closed for $200,000, will open its doors again, and many others will follow soon. The merchants and bankers to-day issued a card to the public in which they declare their faith In Colorado's future, and that the present trouble 1s only temporary. They regret the violent utterances recently made by excited individuals, and declare that these do not represent the people of this city or the State. They conclude by declaring for free coinage of silver, and ask all members of Congress to aid them in securing this at the coming extra session. The Denver Chamber of Commerce held an important meeting yesterday afternoon. It was decided, in view of the recent trouble in financial and business circles in this city, that the interests of Colorado demanded that the State be represented at the B1metallic League Convention in Chicago and Washington by business men who would place the State before the country in a proper light and repudiate any incendiary utterances which may be made 1. that convention by delegates from this State. President Byers WAS instructed to name a committee of 100. comprising the leading business and financial men of the city, to go to Chicago and Washington and defend the credit of the State, while at the same time they shall do all in their power to further the interests of silver.

18. July 27, 1893 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, July 27, 1893

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FINANCIAL DISTURBANC BAD STATE OF AFFAIRS AFFECTI ALL PARTS OF COLORADO. Thirty Thousand Men Thrown Out of ployment by Shutting Down of Mines Smelters and Dependent Institutions. Numerous Business Failures. DENVER, July 20.-There will parently be no more bank failures Denver. The panic wore itself yesterday with the failure of Peoples, German and State Nation banks. This morning when the Colorado, Denver City and Americ National banks opened their there were hardly a dozen deposite in all of them at the paying celle windows. In the First and Colora National banks long strings of itors reaching nearly to the street lined up in front of the receivi 0 window and money was back into the bank vault almost rapidly as it was withdrawn the past three days. The Germa State and Peoples Nationals could three for one if they could realize securities. There may be a few commerc failures in the city within the next days as a result of the suspension bauks. but it is believed that in no stance, whether banking or cial houses. will the failure be plete and resumption of busin SS surely follow shortly. It is stated day that the McNamara dry house which failed Monday for 000 have settled with their princi Monday. creditors and will resume busin UNEMPLOYED LABOR DENVER, Colo., July 20,-The

19. July 27, 1893 The Pickens Sentinel Pickens, SC

Article from The Pickens Sentinel, July 27, 1893

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# A BIG PANIC IN DENVER. Many Banks Compelted to Close their Doors-Sad Scenes. DENVER, COL, July 18. No such scenes was ever witnessed in all the West as could be seen here this morning shortly after 10 o'clock, when the banks were supposed to open their doors for business. The failure of the three savings banks yesterday had affected the masses as the smell of blood would wolves, and at the hour of opening the streets were crowded with anxious depositors. The eleven clearing house banks, located within four blocks of each other, were surrounded and far into streets crowds gathered until the officers and special police were called out to clear the way for traffic. At 10 o'clock the Union National Bank, with a capital of $1,000 000, posted a notice that it would not open its doors. This started a panic. The Commercial National Bank posted a similar notice, and then the National Bank of Commerce, and the people asked "Where will this stop?" A run was immediately started on all the other banks, though to no great extent upon the People's National. The First National appears to be the soundest of all, it having over 60 per cent. of its deposits on hand, with a private fund of $1,500,000 in addition to draw upon making it impossible to close its doors The Colorado National and several others are in equally as good condition. The mob withdrawing their money are all small depositors, the large holders being satisfied to let their accounts remain in the banks. The banks are paying all demands except on time certificates, they demanding that these remain until the expiration of the time. As every bank is crowded, the clearing house is rendering no assistance, each institution being compelled to stand upon its own foundation. The Commercial National Bank closed its doors within a few minutes after the opening, because it was apparent from the size of the crowd in front of the bank that a run was to be inaugurated. This notice was posted on the door: "Closed for liquidation by order of the directors." The bank was in bad shape. It had a capital stock of $250,000 and only had $2,000 in cash in the bank. The Mercantile Bank, a private institution with a capital stock of $400,000, closed its doors at noon. The failure was caused by the failure of the Union National Bank, through which it cleared. C. C. Girda, city auditor, is president. W. F. Robinson, formerly treasurer of the Republic Publishing Company, one of the oldest and most respected individuals in the State, has been made assignee. DENVER, COL, July 19. The panic was on in this city today with renewed vigor, and as a result the old German National, with a reputation for stability of twenty year's standing, and the equally reputable State National, failed to open their doors for business this morning. Later the People's National failed. All night long depositors stood in line in front of the German, and by 9 o'clock there was one long sea of faces stretching down the street. At the opposite corner where the State Bank has so long done business, there was also quite a crowd of anxious depositors waiting the opening of the doors. Here the people were relieved of their agony at a few minutes after 9 o'clock when a notice was posted on the door to the effect that the bank would not open owing to the lack of ready cash, and the crowd moved away. At the German there was evidently a determination to go ahead with the business up to almost the last moment, when a slip of paper was pasted on the window stating that the doors wou'd remain closed temporarily. Then the scene became distressing: men and women down the long line broke out in tears aad wailing. By this time there was a run on every bank in the city, and soon came the announcement that the People's National Bank had closed its doors. The notice on its doors read: "This bank is closed by order of the board of directors. Net assets, $1,100,000; liabilities, $310,000." The assets and liabilities of the other two failed banks bear about the same proportion as the People's Bank. Their failure is chargeable to a long-continued drain by depositors and inability to raise ready cash. All expect to resume shortly. Frank Adams, Bank Examiner, today took charge of the Union National, Commercial National, National Bank of Commerce, State National and German National. This afternoon the run at the Denver National was over with an enormous amount of money still in sight. The same is true at the City National and all other banks and business men are beginning to breathe freer. There has been a considerable number of failures among business houses of all kinds within the past three days caused by attachments taken out by banks which foresaw their suspension. Five national banks are still open. # Arrested Agent Davis. ROCK HILL, S. C., July 19.-H. W. Lineberger, a Dispensary constable, yesterday arrested J. D. Davis, agent of the Georgia, Carolina & Northern Railroad, at Catawba Junction, on a charge of receiving alcohol in violation of the Dispensary law. The alcohol was in a jug and was consigned to Dr. W. G. White, at Yorkvill, S. C. It was shipped from L. C. Young, of Rich-

20. August 2, 1893 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, August 2, 1893

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LATER NEWS. A DINNER was given in honor of James H. Eckels, Controller of the Currency, at the Union League Club, New York City. THE corner stone of the Odd Fellows' Temple, which will cost $1,000,000, was laid at Philadelphia, Penn., with impressive ceremonies. MISS EMMA GABRETT, of Philadelphia, who with her sister, Miss Mary S. Garrett, had charge of the Pennsylvania blind children's exhibit at the World's Fair, committed suicide by leaping from a window at the Briggs House. THREE Denver (Col.) National banks-the Union National, the Commercial National and the National Bank of Commerce-closed their doors, owing to the heavy demands of excited depositors. The Mercantile Bank, a small private institution, also suspended, owing to the closing of the Union Bank. URUGUAY'S exhibition in the Agriculture Building, World's Fair. was thrown open to the public view, and was visited by large crowds. IT was reported that the warship Mohican was disabled on June 25 by a shot from the seal-poaching steamer Alexandria passing through her machinery; the story was discredited in Washington. THE Navy Department formally accepted the cruiser Detroit and authorized the payment to the builders of reserved funds amounting to about $225,000. IN the court-martial of the officers of the Victoria, at Valetta, Malta, Flag-Lieutenant Gilltord and Staff-Commander HawkinsSmith-testified that Vice-Admiral Tryon said immediately after the Camperdown struck the Victoria, "It was all my fault." BRIGANDS raided the village of Lipkaey, Bukowina. The villagers killed five of them and wounded several more. The villagers were finally routed and the place looted. PRESIDENT CLEVELAND returned to Gray Gables, Buzzard's Bay, Mass., from his fishing trip; he said that his health was splendid and that his rheumatic trouble had left him. FIRE on the dairy farm near Carteret, N. J., occupied by Thomas Stugg destroyed buildings covering seven acres, and caused a loss of about $30,000. THE drouth, which extended over an area of 40,000 square miles in Western Texas, has been broken by good rains. AT Denver, Col., the German, State and People's National Banks closed their doors to forestall the heavy demands that it was evident would be made. The list of closed banks in Denver is now thirteen, of which six are National, five savings and two private institutions. Two men were mortally wounded and one instantly killed in a pitched battle between tramps and citizens near Sheffield, Ind. AT Green Bay, Wis., Rear-Admiral Melancton Smith, United States Navy, died after a two-days' illness. He was born in New York City, May 24, 1810, and entered the navy as a midshipman at the age of sixteen. THE Brazilian Building was dedicated at the World's Fair. THE manufacture of the new army rifle (the Krag-Jorgensen) is being pressed vigorously, and a large number of special cutters and sharpers have already been procured. It is believed that the first lot of completed arms will be ready for delivery and issue to the service about September 1. FRANCE sent an ultimatum to Siam giving her forty-eight hours in which to comply with her demands. REAR ADMIRAL MARKHAM, in his testimony before the Malta court martial, said that Sir George Tryon's command was impossible to follow with safety.

21. August 30, 1893 Evening Star Washington, DC

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SIGNS OF BETTER TIMES. Bank Deposits Increase and Mills Resume Operations. KANSAS CITY, Aug. 30.-Business men and bankers are unanimous in their opinion that the low point in the present financial depression has been reached by Kansas City, and that the upward movement has begun. Bank presidents estimate that the banks have gained $2,000,000 in deposits since the run in July. DENVER, Aug. 30.-The State National Bank will probably open its doors today, having had the permission of the controller for several days. The Commercial, the only remaining national bank which closed during the recent flurry, will probably open before the end of the week. The German National resumed yesterday. The Union Bank at Greeley, Col., also opened for business yesterday. ST. PAUL, Minn., Aug. 30.-The Walter A. Wood Harvester Works will start up in a few days. Work will be provided for between 1,500 and 2,000 men. ST. LOUIS, Mo., Aug. 30.-The St. Louis Stamping Company resumed operations yesterday, after an idleness of several weeks. Mr. W. F. Neidringhaus, the proprietor, has agreed to sign the amalgamated scale. Tomorrow 2,000 men will be at work. The importance of the resumption will be understood when it is known that 10,000 persons will be directly or indirectly affected by it. LEAVENWORTH, Kan., Aug. 30.-At a general mass meeting of the striking coal miners held yesterday it was decided by an almost unanimous vote to declare the struggle at an end and return to work at the old scale. It is expected that all the. mines will soon be in full operation.

22. August 31, 1893 Richmond Dispatch Richmond, VA

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BETTER TIMES COMING. Banks Deposits Increase and Mills to resume Oyerations. (By Telegraph to The Dispatch.) KANSAS CITY, Aug. -Business men and bankers are unanimous in their opinion that the low point in the present financial depression has been reached by Kansas City, and that the upward movement has begun. Bank presidents estimate that the banks have gained $2,000,000 in deposits since the run in July. DENVER, Aug. 30.-The State National Bank will probably open its doors today, having had the permission of the controller for several days. The Commercial, the only remaining national bank which closed during the recent flurry, will probably open before the end of the week. The German National resumed yesterday. The Union Bank at Greeley, Col., also opened for business yesterday. ST. PAUL, Minn., Aug. 30.-The Walter A. Wood Harvester Works will start up in a few days. Work will be provided for between 1,500 and 2,000 men. ST. LOUIS Mo., Aug. 30.-The St. Louis Stamping Company resumed operations yesterday, after an idleness of several weeks. Mr. W. F. Neidringhaus, the proprietor, has agreed to sign the amalgamated scale. Tomorrow 2,000 men will be at work. The importance of the resumption will be understood when it is known that 10,000 persons will be directly or indirectly affected by it. LEAVENWORTH, Kan., Aug. 30.- At a general mass meeting of the striking coal miners held yesterday it was decided by an almost unanimous vote to declare the struggle at an end and return to work at the old scale. It is expected that all the mines will soon be in full operation.

23. September 1, 1893 The Seattle Post-Intelligencer Seattle, WA

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COLORADO'S RAPID RECOVERY. All But Three of the Suspended National Banks Have Reopened. DENVER, Aug. 31.-The State National bank. the last but one of the city's sit suspended national banks, opened its doors again this morning. The Commercial National will resume in a few days. Of the score of national banks in Colorado compelled to close their doors a few weeks ago all have rssumed save three, and it is said all will again be doing business before the middle of the month.

24. September 8, 1893 The Weekly Union Times Union, SC

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Banks Resuming Business. W ASHINGTON, D. C.-The following national binks which recently suspended payment have been permi ted to open their doors for business: The American National Bank, of Nashville, Tenn., the First National Bank, of Grundy Centre, Iowa, and the First National Bank, of Harrisonville, Missouri. DENVER, COL -The State National Bank, the last but one of the city's six national banks to suspend, opened its doors Thursday. The Commercial National will resume in a few days. Of the scores of national banks in Colorado which were compelled to close their doors a few weeks ago all have resumed save three, and it is said that they will again be doing business before the middle of the mouth. ECKELS IS HOPEFUL. CHICAGO, ILL.-James H. Eckels, Comptroller of the Currency, passed through Chicago on his way to Ottawa, III, where he will enjoy a two week's rest at his home. Mr. Eckels spoke very hopefully. He would not predict how long it would be before matters had resumed their normal condition, but the bottom had been reached, so far as the banks were concerned, and financial af fair were on the up grade. They are proposing to pension teachers in England.

25. September 8, 1893 The Weekly Union Times Union, SC

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Banks Resuming Business. WASHINGTON, D. C.-The following national banks which recently suspended payment have been permi ted to open their doors for business: The American National Bank, of Nashville, Tenn., the First National Bank, of Grundy Centre, Iowa, and the First National Bank, of Harrisonville, Missouri. DENVER, COL -The State National Bank, the last but one of the city's six national banks to suspend, opened its doors Thursday. The Commercial National will resume in a few days. Of the scores of national banks in Colorado which were compelled to close their doors a few weeks ago all have resumed save three, and it is said that they will again be doing business before the middle of the mouth. ECKELS IS HOPEFUL. CHICAGO, ILL.-Jamcs H. Eckels, Comptroller of the Currency, passed through Chicago on his way to Ottawa, III., where he will enjoy a two week's rest at his home. Mr. Eckels spoke very hopefully. He would not predict how long it would be before matters had resumed their normal condition, but the bottom had been reached, so far as, the banks were concerned, and financial af. fair were on the up grade. They are proposing to pension teachers in England.